How can the government make sure that people save enough money to live on when they are old?

The physical condition of old

people

makes them unable to work;

hence

, they need retirement funds in order to provide for their daily needs. The government should take action to ensure the elderly have sufficient

money

to live.

This

essay will explain how to guarantee these

people

have enough

cash

to continue their lives. The way to actualize that idea is by creating a policy to force everyone to separate their small proportion of salary. There should be an automated deduction in their bank account every month.

Then

, as time goes by, their funds are eventually enough for their retirement.

Moreover

, the government can make the

cash

withdrawal policy very strict.

For instance

, emergency withdrawal is only allowed if a member of a nuclear family suffers from a medical crisis, and anything

that is

not related to primary needs is denied. By doing

this

,

this

retired group patiently waits until they reach the eligible age. After all is completed, they can

cash

out their

money

to buy a house, start a small business, or even just save some hard

cash

.

However

, the government should not leave the business owner out of

this

regulation. There is no guarantee that these

people

will have a comfortable life in the future.

Then

, they can save their

money

simultaneously during the tax payment period. During

this

period, they will pay their taxes and deposit their retirement funds at the same time.

Next,

a punishment must be employed in order to force them. One common example is to retract their business permission if they don’t deposit the

money

. In conclusion, a mandatory regular deposit can help older

people

save for their future. The employee can follow it monthly, and the businessman can follow it quarterly.